Business Management When financing equipment, knowing your business has never been more important May 12, 2023 In a previous career, Jeff Horler worked in the funeral management business. Little did he know at the time how applicable the skills required in that line of work –…
Business Management Economic Trucking Trends: Pent-up truck demand remains, why May matters to spot market May 12, 2023 This week took us to Denton, Texas, where Peterbilt hosted thousands of dealers, customers and press for the unveiling of its new Model 589 classic-styled conventional.
Business Management 2023 is a buyer’s market in trucking M&A May 11, 2023 This has not been a banner year for the trucking industry. Economic conditions have erased the gains in tonnage and profit since the start of the pandemic. We are in…
Business Management 6 questions to ask about your truck insurance May 9, 2023 It is true that insurance costs money and that it’s a tough insurance market out there, but it is still important to know what insurance coverage you have, what you…
Business Management Recruiting technicians? Consider cultural fits, homegrown talent. May 5, 2023 Staffing a shop is a little like making a salad. You can go to the grocery store, buy your vegetables, and toss them together with little thought to who grew…
Business Management Economic Trucking Trends: Truck orders fall, signs of a spot market turnaround May 5, 2023 Class 8 orders continued to fall in April, with FTR reporting preliminary orders of 12,050 units. That’s down 37% from March and marks the sixth decline in the last seven…
Business Management TFI International buys LTL carriers Siemens, Hot Line May 1, 2023 TFI International has announced LTL deals in the U.S. and Canada, acquiring Siemens Transportation Group in Saskatchewan and Hot Line Freight Systems in Wisconsin. Siemens was founded in 1962 and…
Business Management Mullen Group buys B&R Eckel’s May 1, 2023 Mullen Group has purchased B&R Eckel’s Transport, bolstering its LTL presence in Northern Alberta and adding about 400 trucks and 950 trailers. The Bonnyville, Alta.-based company offers LTL, truckload, and…
Business Management Manage fleet yard traffic in name of safety, productivity April 28, 2023 Fleet yards differ in size, physical layouts, and potential hazards. But a sound traffic management plan can address every underlying issue – ensuring that trucks and trailers move through the…
Business Management Economic Trucking Trends: Earnings diverge, spot market punishes April 28, 2023 Two of Canada’s three publicly traded trucking companies reported Q1 earnings this week, with starkly different results. Mullen Group posted record earnings and held its guidance. Murray Mullen, senior executive…
Business Management Trimac buys AIP Logistics April 28, 2023 Trimac Transportation has purchased AIP Logistics, a Central Ohio-based bulk hauler specializing in the plastics, liquid chemicals, food grade storage, and metal production industries. The company operates 13 tractors and…
Business Management Mullen bucks trend with record Q1 earnings April 27, 2023 Mullen Group has bucked a trend among publicly traded fleets by recording record Q1 earnings, including a 9% increase in revenue and 93% surge in net income. Senior executive officer…
Business Management TFI earnings fell in Q1, but market conditions creating M&A opportunities April 26, 2023 TFI International suffered declines in revenue and net income in the first quarter, but feels optimistic conditions are ripe for a meaningful acquisition later this year. The company posted Q1…
Business Management Shippers experiencing mostly ‘favorable and stable’ conditions April 26, 2023 Conditions were little changed for shippers in February, with an environment that was mostly favorable and stable. Industry analyst FTR’s Shippers Conditions Index fell slightly on the month, to 5.1…
Business Management Pets, pay, and other ways Best Fleets are improving the workplace for drivers April 25, 2023 The Best Fleets to Drive For program run by CarriersEdge for the Truckload Carriers Association (TCA) is a wrap. The scoring has been completed. The winners have been publicly acknowledged.